Monthly Archives: September 2011

HOW TO MARKET A SMALL BUSINESS IN TOUGH TIMES

SMALL BUSINESS MARKETING ON A SHOESTRING

Word of mouth can be your best spokesperson. This post is a four-step outline for building your small business without an advertising budget.

 1. BUILD A SOLID FOUNDATION FIRST

• Know who your clients or customers are and what they want; create a profile of the ideal client/customer.  This definition becomes your target audience.

• Perfect your professional profile and photo. It all starts with YOU!

• Figure out what makes you different and how to say it in a “sound bite” or “tag line.” These words become your key message. Create your “elevator speech,” a 60-second summary of whom you help and how.

• Get your house in order so that you won’t fail to deliver on your promises.

• Sketch out a plan with a tentative timeline and budget, including:

1)  Website – This is your online brochure and list builder. It must have educational value and continually fresh content as well as good design.
2)  Blog – Regularly demonstrate your knowledge and industry expertise; posts can later become an ebook.
3)  Brochure–Goes beyond the business card for trade shows, luncheons, etc.
4)  Create desirable incentives, freebies, special discounts and rewards for your target audience, and offer finder’s fees for referrals.
5)  Newsletter marketing can reach current and prospective clients/customers via your website or directly through email.

2. LEARN and PRACTICE PROFESSIONAL NETWORKING SKILLS

The best way to get new clients or customers, far and away, is by being recommended.

Networking is not selling. It’s making business connections, seeking and giving referrals.

• Become a connector who facilitates business introductions.

• Join your local chapter of Business Networking International and other groups.

• Take on pro bono activity and make known your involvement.

• Choose and engage in appropriate social media.

3. DON’T HIDE YOUR LIGHT UNDER A BUSHEL

Small firm visibility can be increased through publicity, which is more credible than advertising. Understand what the media considers news and what editors want.

• Event marketing can be used to obtain publicity.

• Surveys and case studies can also generate publicity.

• Trend articles can demonstrate your expertise and be recycled.

• Speaking platforms let you reach beyond the captive audience.

4. GET THE HELP YOU NEED

Marketing is not something you do with your left hand. Don’t think you can go it alone or expect your existing staff somehow to do double duty.

• Look for experienced marketing counsel with some knowledge of your industry.

• Use your network to find professional marketing help at a price you can afford.

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